Stocks fall further as U.S. yield climb unnerves investors

Published by
Reuters UK

By Koh Gui Qing and Tommy Wilkes NEW YORK/LONDON (Reuters) – World stocks stumbled again on Monday while the 10-year Treasury yield hit a two-year high as bets that the U.S. Federal Reserve could raise interest rates as soon as March led investors to pare risky assets. Monday’s drop follows a bruising first week of the year when a strong signal from the Fed that it would tighten policy faster to tackle inflation and then data showing a strong U.S. labor market, unnerved investors who had pushed equities to record highs over the holiday period. Technology stocks, which have soared in the past t…

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